Restricted gifts call for careful handling

Description

Abstract: No nonprofit likes to say “no” to a donation, but doing just that might spare it legal trouble and many hours of negotiations. This article looks at a couple of situations in which a nonprofit’s refusal to abide by the terms of a restricted donation resulted in a lawsuit. The article suggests having a gift acceptance policy to help determine whether a restricted gift should be accepted in the first place, and lists considerations the policy should address.